J.P. Morgan Ponies Up to Move On

Getting closure on mortgage-related legal issues has cost J.P. Morgan Chase a cool $13 billion. But it is closure.

Investors rightly figure J.P. Morgan won't be in for another hit anywhere near the size of the settlement it announced with government authorities Tuesday. And the deal will put the bulk of its mortgage-related issues to bed.

Indeed, in announcing last Friday a separate $4.5 billion deal with private investors...